Swissôtel Odessa, Ukraine: The First Five-Star Hotel of the International Hotel Chain on the Black Sea

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ZURICH, February 10, 2011 - Swissôtel Hotels & Resorts is about to add another Eastern
European deluxe hotel to its portfolio: Swissôtel Odessa, expected to open in
spring 2013. Swissôtel Hotels & Resorts signed yesterday a management
contract in Odessa with the Ukrainian investors, Interpoint Development.

Swissôtel Odessa will include 333 modern and contemporary
rooms, varying from the classic category "Swiss Advantage" to Presidential
Suites. Furthermore the hotel will provide a lobby lounge-bar with a library,
two restaurants and a brasserie with an extensive terrace overlooking the
Black Sea, as well as separate private dining rooms for events. A panoramic
lounge "Skybar" on the top floor will offer its visitors a relaxing
atmosphere and stunning views. The hotel facilities also include spacious
conference and banquet rooms. The new Pürovel Spa & Sport complex with
extensive fitness facilities, various treatment rooms and as well indoor and
outdoor pools with direct access to the beach will be unrivaled in Odessa.

"There has never been a project of this kind in Odessa
before," says Meinhard Huck, President of Swissôtel Hotels & Resorts. "The
location of the hotel on the French Boulevard is really superb. The hotel is
situated close to a park area, right on the coast of the Black Sea, and only
4 kilometers from the city centre. Interestingly enough at the end of the
19th century, a summer cottage situated nearby, that used to belong to a
mayor of Odessa, was named "Switzerland". We are looking forward to a
fruitful partnership with Interpoint Development and HI-Raise Constructions,
as well as the opening of a new Swissôtel in Eastern Europe.

"This unique multinational and distinctive city is famous for
its own traditions, cuisine and humour, leading the trend of it being a
fashionable resort destination."

Odessa, amongst the top four largest cities in Ukraine with
more than 1 million inhabitants is considered to be one of the main
destination for business, culture and tourism in the country. Due to the
presence of a well-connected international airport, together with a
well-developed rail network, the largest sea port in Ukraine and its
outstanding geographical location by the Black Sea coast, Odessa is a major
transport and commercial hub.

State and national higher educational establishments are
situated here: 8 academies and 8 universities. Moreover Odessa has a rich
cultural heritage - magnificent buildings designed in various styles: art
nouveau, baroque, eclecticism, Russian classicism. The National Theatre of
Opera and Ballet, Saint Assumption (Sviato-Uspenskii) Cathedral, Primorskii
Boulevard, Potemkin Steps, streets and boulevards set off by trees and sand
beaches are all beloved places by tourists.

    Eva-Maria Panzer
    Director Communication
    Swissôtel Hotels & Resorts
    Tel.: +41-44-317-62-28
    E-Mail: evamaria.panzer@swissotel.com

Eva-Maria Panzer, Director Communication, Swissôtel Hotels & Resorts, Tel.: +41-44-317-62-28, E-Mail: evamaria.panzer at swissotel.com